2012-09-08
How to Build Up Your Passive Income – Real Estate
Everyone knows that big money can be made from real estate. Real estate provides tax advantages and the opportunity to highly leverage your investment – leverage being a factor that is limited or absent in many other investments. Many real estate advisors insist that the one house at a time or the flipper strategy or fixer upper or wholesale method or other flavor of the month is the best way to make money in real estate. Generally speaking, avoid all that. Making big money – meaning massive income – in real estate is possible with highly leveraged deals which are mostly commercial property. Multiple family properties, office buildings, retail facilities and warehouses would all constitute commercial property. Of these, the best strategy is to invest in multiple family properties. This requires knowledge and education more than it requires capital. Capital can always be acquired through your network, but knowledge is the essence of making this passive investment work. The income from a good property may be all you need to secure your retirement.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment